InVert Graphite Raises $3.5M, Unveils High-Grade Graphite at Morogoro
InVert Graphite Limited has successfully raised $3.5 million and resumed ASX trading following key acquisitions and promising initial trench results at its Morogoro Graphite Project.
- Completed $3.5 million capital raising via share offer
- Readmitted to ASX after acquiring Tanzanian Morogoro and South Australian White Hill projects
- Appointed Andrew Lawson as CEO and Simon Taylor as Non-Executive Chair
- Initial trench assays reveal high-grade graphite up to 29% Total Graphitic Carbon (TGC)
- Strong cash position of $4.2 million supports upcoming exploration activities
Capital Raising and Strategic Acquisitions
InVert Graphite Limited marked a significant milestone in the June 2025 quarter by completing a $3.5 million capital raising through a fully subscribed share offer. This financial boost coincided with the company's readmission to official trading on the Australian Securities Exchange (ASX) under the ticker IVG, following the acquisition of two critical mineral projects – the Morogoro Graphite Project in Tanzania and the White Hill Rare Earth Elements (REE) Project in South Australia.
Leadership and Board Restructuring
The quarter also saw important leadership changes. Andrew Lawson was appointed Chief Executive Officer, bringing fresh direction to the company’s exploration and development strategy. Additionally, Simon Taylor was named Non-Executive Chair after the resignation of Dr. David Brookes, while other board adjustments included the appointment of Andrew Boyd as Executive Director and Dominic Allen transitioning to a Non-Executive Director role. These changes reflect a strengthened governance framework aimed at advancing InVert’s growth ambitions.
Promising Exploration Results at Morogoro
Exploration activities at the Morogoro Project delivered encouraging early results. Initial trenching at the Kumba deposit returned wide zones of high-grade graphite mineralisation, with assays revealing up to 29% Total Graphitic Carbon (TGC) in surface trenches. Notably, trench TRUM23-002 yielded 212 metres at 13.5% TGC, including a 40-metre interval averaging 18.5% TGC. These findings validate the strategic acquisition and underscore the project’s potential as a significant source of high-quality graphite.
Financial Position and Outlook
InVert ended the quarter with a robust cash balance of approximately $4.2 million, positioning the company well to fund upcoming exploration and evaluation programs. Expenditure was carefully managed, with exploration costs at Morogoro and White Hill projects representing a modest portion of the capital raised. The company has commenced logistical preparations for an initial reverse circulation drilling campaign at Morogoro, signaling a transition from surface sampling to more detailed subsurface evaluation.
Strategic Implications
With critical minerals increasingly in demand for emerging technologies and clean energy applications, InVert’s focus on graphite and rare earth elements places it in a strategically relevant position. The combination of high-grade graphite results and a strengthened leadership team suggests the company is poised to unlock shareholder value as it advances its projects through exploration and potential development phases.
Bottom Line?
InVert’s successful capital raise and high-grade graphite discoveries set the stage for a pivotal exploration phase that could reshape its market prospects.
Questions in the middle?
- How will upcoming drilling results at Morogoro influence the company’s resource estimates?
- What are the timelines and capital requirements for advancing the White Hill Rare Earth Elements project?
- How will the new leadership team balance exploration ambitions with financial discipline?
